Saturday, June 10, 2023

Litecoin: The Panel Expectations

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Based on finder.com polls, Bitcoin.com News previously published price projections for bitcoin (BTC), ethereum (ETH), and dogecoin (DOGE). DOGE costs, for instance, expects to reach $1.21 in 2025 and $3.60 in 2030, per the Finder’s expert panels.

Despite this, LTC has fallen out of the top ten market capitalization rankings. For nearly a decade, the crypto currency was a top ten contender, but competition pushed it down.

Another finder.com panel survey predicts ethereum will be worth $4.5K this year and $18K by 2025. When asked how much they think LTC will value by year’s end, most panelists indicated $266.

Litecoin to be place 14th in market capitalization

With a market cap of $12.53 billion, Litecoin will place 14th in terms of market capitalization. 76 percent of financial professionals agree with Finder’s panelists that Litecoin will not return to the top 10.

With Sagi Bakshi of Coinmama, Joseph Raczynksi of Thomson Reuters, and Dr. Iwa Salami of the University of East London on the Finder’s committee that evaluated litecoin estimations. 81 percent of finder.com users think Litecoin is worthless.

Some were positive on Litecoin, telling Finder that his annual forecasts included “$900, $3,000 and $6,000.” Finder received the best price prediction for Litecoin from John Hawkins, a respected scholar at the University of Canberra. “Litecoin has a bad media reputation and appears to be no better than bitcoin,” Hawkins noted. “Litecoin now has a poor media public reputation and looks to offer no advantage over bitcoin,” Hawkins added.

According to Allnodes CEO Konstantin Boyko-Romanovsky, Litecoin will hit $180 by the year ends and reach $300 by 2025.

“It’s amazing how Litecoin’s pricing often doesn’t connect with Bitcoin’s,” the Allnodes executive added. This makes predicting LTC’s price in ten years much more difficult. According to 15% of the Finder panelists, Litecoin will be in the top ten by year’s end. 33% said Charlie Lee’s Litecoin transaction “tarnished Litecoin’s public reputation.” Litecoin has a great brand, according to Ryan Gorman, co-founder of Trade the Chain.

It was one among the first crypto currencies links to new on-ramps like Paypal, Venmo, and others, according to Gorman. “Despite being largely irrelevant, that built-in support should help it continue to grow in value.”

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Mary Santos
Mary Santoshttps://www.cryptoconstellation.com/
Mary Santos has a degree in economics and after a successful career as an investment analyst, she found an interest in Cryptocurrency. Mary enjoys finding the latest scoop on crypto news.
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